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Marc Faber Sees 1987 Crash Potential for Stocks

by Brett on May 11, 2012

It’s been a little while since Marc Faber dropped an outrageous prediction to the mainstream media – nice to see the streak busted in a big way!

Faber spoke with Bloomberg and, in a beauty of an interview, he:

  • Said the Eurozone should eventually kick out every country except Germany (but allow the other countries to use the euro as an international trading currency)
  • Hilariously said the “bureaucrats in Brussels make the government in the US look like an organization consisting of geniuses”
  • Blamed Europe’s problems on too much government spending, not enough fiscal discipline, and “Keynsian clowns” (ha!)
  • And left the door open for a 1987-style market crash

Here’s the full Faber interview on Bloomberg (also embedded below).

Hat tip Zero Hedge for the original post.

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More on this topic (What's this?)
Marc Faber: Europe, UK, USA in a Colossal Mess
What the Crash of 1987 Taught Me
Read more on Marc Faber, Solcom at Wikinvest

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